MLRO and Compliance Officer

Job Description

Primary Responsibilities

Conduct compliance audits and ongoing reviews of the company’s controls and operating procedures to ensure adherence to regulatory requirements and industry best practices.
Monitor compliance with policies and procedures, identifying areas for improvement and implementing corrective actions as necessary.
Monitor the risk management process for the company, identifying and assessing potential risks and implementing measures to mitigate them.
Conduct audits to ensure compliance with procedures, rules, and regulations, identifying any non-compliance issues and recommending corrective actions.
Conduct internal investigations in respect of compliance issues, including but not limited to money laundering, fraud, and other financial crimes.
Organize appropriate risk reporting internally and externally, ensuring compliance with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations.
Receive reports of any information or other matter that gives rise to knowledge or suspicion of money laundering, investigate such reports, and make disclosures to relevant authorities as per Mauritian laws if required.
Conduct training sessions for staff on AML/CFT regulations, customer verification procedures, and ongoing monitoring of business relationships.
Maintain training and procedures manuals to ensure all staff are aware of reporting chains and procedures in case of suspicious activity.
Maintain anti-money laundering records for the required periods, ensuring accuracy and completeness.
Liaise with the Financial Intelligence Unit (FIU) regarding suspicious activity reporting and other compliance matters, ensuring timely and accurate reporting as required.
Assist senior management in policy development and implementation of internal controls, including SOC 1 requirements, to ensure compliance with regulatory standards.
Work in collaboration with the corporate team on the incorporation documents of new setups, draft, and review board minutes, and oversee day-to-day administration of portfolio clients regarding AML, transfer agency, and corporate duties.
Deal with banks and all regulators as required, maintaining open communication, and ensuring compliance with regulatory requirements.
Perform any other cognate duties.

Qualifications Required:

Bachelor’s degree in law, finance, business administration, or related field; additional certifications in compliance, AML, or risk management preferred.
Minimum of 5-7 years of experience in compliance, risk management, or related roles, preferably in the financial services industry.
Deep understanding of anti-money laundering regulations, compliance requirements, and industry best practices.
Strong analytical skills, attention to detail, and the ability to interpret and apply regulatory guidelines effectively.
Excellent communication and interpersonal skills, with the ability to collaborate effectively with internal and external stakeholders.
Proven ability to work independently, manage multiple priorities, and make sound decisions in a fast-paced environment.
Commitment to integrity, ethics, and compliance with applicable laws, regulations, and corporate governance standards.